XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.7.0.1

CREDIT DISCLOSURES (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2017
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Loans Receivable | Loans receivable at March 31, 2017 and September 30, 2016 were as follows:
| March 31, 2017 |  | September 30, 2016
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 178,310 |  |  | $ | 162,298 |
Commercial and Multi-Family Real Estate | 473,058 |  |  | 422,932 |
Agricultural Real Estate | 62,422 |  |  | 63,612 |
Consumer | 182,156 |  |  | 37,094 |
Commercial Operating | 33,894 |  |  | 31,271 |
Agricultural Operating | 35,493 |  |  | 37,083 |
Premium Finance | 187,049 |  |  | 171,604 |
Total Loans Receivable | 1,152,382 |  |  | 925,894 |
Allowance for Loan Losses | (14,602 | ) |  | (5,635 | )
Net Deferred Loan Origination Fees | (1,190 | ) |  | (789 | )
Total Loans Receivable, Net | $ | 1,136,590 |  |  | $ | 919,470 |
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans | Activity in the allowance for loan losses and balances of loans receivable by portfolio segment for the three and six months ended March 31, 2017 and 2016 was as follows:
| 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Unallocated |  | Total
| (Dollars in Thousands)
Three Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 654 |  |  | $ | 1,912 |  |  | $ | 476 |  |  | $ | 47 |  |  | $ | 813 |  |  | $ | 1,341 |  |  | $ | 594 |  |  | $ | 578 |  |  | $ | 6,415 |
Provision (recovery) for loan losses | (358 | ) |  | (170 | ) |  | 1,048 |  |  | 7,658 |  |  | 304 |  |  | 8 |  |  | 115 |  |  | 43 |  |  | 8,648 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | (350 | ) |  | — |  |  | (140 | ) |  | — |  |  | (490 | )
Recoveries | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 28 |  |  | — |  |  | 29 |
Ending balance | $ | 296 |  |  | $ | 1,742 |  |  | $ | 1,524 |  |  | $ | 7,706 |  |  | $ | 767 |  |  | $ | 1,349 |  |  | $ | 597 |  |  | $ | 621 |  |  | $ | 14,602 |
Six Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 654 |  |  | $ | 2,198 |  |  | $ | 142 |  |  | $ | 51 |  |  | $ | 117 |  |  | $ | 1,332 |  |  | $ | 588 |  |  | $ | 553 |  |  | $ | 5,635 |
Provision (recovery) for loan losses | (358 | ) |  | (456 | ) |  | 1,382 |  |  | 7,631 |  |  | 995 |  |  | 4 |  |  | 226 |  |  | 68 |  |  | 9,492 |
Charge offs | — |  |  | — |  |  | — |  |  | — |  |  | (350 | ) |  | — |  |  | (259 | ) |  | — |  |  | (609 | )
Recoveries | — |  |  | — |  |  | — |  |  | 24 |  |  | 5 |  |  | 13 |  |  | 42 |  |  | — |  |  | 84 |
Ending balance | $ | 296 |  |  | $ | 1,742 |  |  | $ | 1,524 |  |  | $ | 7,706 |  |  | $ | 767 |  |  | $ | 1,349 |  |  | $ | 597 |  |  | $ | 621 |  |  | $ | 14,602 |
Ending balance: individually evaluated for impairment | 12 |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | — |  |  | — |  |  | 65 |
Ending balance: collectively evaluated for impairment | 284 |  |  | 1,742 |  |  | 1,524 |  |  | 7,706 |  |  | 714 |  |  | 1,349 |  |  | 597 |  |  | 621 |  |  | 14,537 |
Total | $ | 296 |  |  | $ | 1,742 |  |  | $ | 1,524 |  |  | $ | 7,706 |  |  | $ | 767 |  |  | $ | 1,349 |  |  | $ | 597 |  |  | $ | 621 |  |  | $ | 14,602 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 248 |  |  | 1,144 |  |  | 582 |  |  | — |  |  | 302 |  |  | 1,072 |  |  | — |  |  | — |  |  | 3,348 |
Ending balance: collectively evaluated for impairment | 178,062 |  |  | 471,914 |  |  | 61,840 |  |  | 182,156 |  |  | 33,592 |  |  | 34,421 |  |  | 187,049 |  |  | — |  |  | 1,149,034 |
Total | $ | 178,310 |  |  | $ | 473,058 |  |  | $ | 62,422 |  |  | $ | 182,156 |  |  | $ | 33,894 |  |  | $ | 35,493 |  |  | $ | 187,049 |  |  | $ | — |  |  | $ | 1,152,382 |
| 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Unallocated |  | Total
| (Dollars in Thousands)
Three Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 285 |  |  | $ | 1,194 |  |  | $ | 171 |  |  | $ | 20 |  |  | $ | 107 |  |  | $ | 3,856 |  |  | $ | 424 |  |  | $ | 609 |  |  | $ | 6,666 |
Provision (recovery) for loan losses | 42 |  |  | 790 |  |  | (17 | ) |  | 1,039 |  |  | (62 | ) |  | (529 | ) |  | 171 |  |  | (261 | ) |  | 1,173 |
Charge offs | — |  |  | (290 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (137 | ) |  | — |  |  | (427 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Ending balance | $ | 327 |  |  | $ | 1,694 |  |  | $ | 154 |  |  | $ | 1,059 |  |  | $ | 45 |  |  | $ | 3,327 |  |  | $ | 477 |  |  | $ | 348 |  |  | $ | 7,431 |
Six Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 278 |  |  | $ | 1,187 |  |  | $ | 163 |  |  | $ | 20 |  |  | $ | 28 |  |  | $ | 3,537 |  |  | $ | 293 |  |  | $ | 749 |  |  | $ | 6,255 |
Provision (recovery) for loan losses | 49 |  |  | 797 |  |  | (9 | ) |  | 1,039 |  |  | 17 |  |  | (210 | ) |  | 677 |  |  | (401 | ) |  | 1,959 |
Charge offs | — |  |  | (290 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (527 | ) |  | — |  |  | (817 | )
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Ending balance | $ | 327 |  |  | $ | 1,694 |  |  | $ | 154 |  |  | $ | 1,059 |  |  | $ | 45 |  |  | $ | 3,327 |  |  | $ | 477 |  |  | $ | 348 |  |  | $ | 7,431 |
Ending balance: individually evaluated for impairment | — |  |  | 40 |  |  | — |  |  | — |  |  | — |  |  | 2,846 |  |  | — |  |  | — |  |  | 2,886 |
Ending balance: collectively evaluated for impairment | 327 |  |  | 1,654 |  |  | 154 |  |  | 1,059 |  |  | 45 |  |  | 481 |  |  | 477 |  |  | 348 |  |  | 4,545 |
Total | $ | 327 |  |  | $ | 1,694 |  |  | $ | 154 |  |  | $ | 1,059 |  |  | $ | 45 |  |  | $ | 3,327 |  |  | $ | 477 |  |  | $ | 348 |  |  | $ | 7,431 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually evaluated for impairment | 114 |  |  | 1,091 |  |  | — |  |  | — |  |  | 6 |  |  | 3,421 |  |  | — |  |  | — |  |  | 4,632 |
Ending balance: collectively evaluated for impairment | 139,886 |  |  | 353,703 |  |  | 64,111 |  |  | 35,937 |  |  | 26,903 |  |  | 38,660 |  |  | 121,572 |  |  | — |  |  | 780,772 |
Total | $ | 140,000 |  |  | $ | 354,794 |  |  | $ | 64,111 |  |  | $ | 35,937 |  |  | $ | 26,909 |  |  | $ | 42,081 |  |  | $ | 121,572 |  |  | $ | — |  |  | $ | 785,404 |
Asset Classification of Loans | The asset classification of loans at March 31, 2017 and September 30, 2016 were as follows:
March 31, 2017 | 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Total
| (Dollars in Thousands)
Pass | $ | 176,844 |  |  | $ | 471,748 |  |  | $ | 28,828 |  |  | $ | 182,156 |  |  | $ | 33,572 |  |  | $ | 18,893 |  |  | $ | 187,049 |  |  | $ | 1,099,090 |
Watch | 537 |  |  | 72 |  |  | — |  |  | — |  |  | 21 |  |  | 40 |  |  | — |  |  | 670 |
Special Mention | 660 |  |  | 204 |  |  | 2,965 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,829 |
Substandard | 269 |  |  | 1,034 |  |  | 30,629 |  |  | — |  |  | 248 |  |  | 16,560 |  |  | — |  |  | 48,740 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | — |  |  | 53 |
| $ | 178,310 |  |  | $ | 473,058 |  |  | $ | 62,422 |  |  | $ | 182,156 |  |  | $ | 33,894 |  |  | $ | 35,493 |  |  | $ | 187,049 |  |  | $ | 1,152,382 |
September 30, 2016 | 1-4 Family Real Estate |  | Commercial and Multi-Family Real Estate |  | Agricultural Real Estate |  | Consumer |  | Commercial Operating |  | Agricultural Operating |  | Premium Finance |  | Total
| (Dollars in Thousands)
Pass | $ | 161,255 |  |  | $ | 421,577 |  |  | $ | 34,421 |  |  | $ | 37,094 |  |  | $ | 30,574 |  |  | $ | 19,669 |  |  | $ | 171,604 |  |  | $ | 876,194 |
Watch | 200 |  |  | 72 |  |  | 2,934 |  |  | — |  |  | 184 |  |  | 4,625 |  |  | — |  |  | 8,015 |
Special Mention | 666 |  |  | 962 |  |  | 25,675 |  |  | — |  |  | — |  |  | 5,407 |  |  | — |  |  | 32,710 |
Substandard | 177 |  |  | 321 |  |  | 582 |  |  | — |  |  | 513 |  |  | 7,382 |  |  | — |  |  | 8,975 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | 162,298 |  |  | $ | 422,932 |  |  | $ | 63,612 |  |  | $ | 37,094 |  |  | $ | 31,271 |  |  | $ | 37,083 |  |  | $ | 171,604 |  |  | $ | 925,894 |
Past Due Loans | Past due loans at March 31, 2017 and September 30, 2016 were as follows:
March 31, 2017 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater Than 90 Days |  | Total Past Due |  | Current |  | Non-Accrual Loans |  | Total Loans Receivable
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 42 |  |  | $ | 59 |  |  | $ | — |  |  | $ | 101 |  |  | $ | 178,097 |  |  | $ | 112 |  |  | $ | 178,310 |
Commercial and Multi-Family Real Estate | 2,864 |  |  | 315 |  |  | — |  |  | 3,179 |  |  | 469,724 |  |  | 155 |  |  | 473,058 |
Agricultural Real Estate | 35,058 |  |  | — |  |  | — |  |  | 35,058 |  |  | 23,903 |  |  | 3,461 |  |  | 62,422 |
Consumer | 8,009 |  |  | 1,329 |  |  | 284 |  |  | 9,622 |  |  | 172,534 |  |  | — |  |  | 182,156 |
Commercial Operating | — |  |  | — |  |  | — |  |  | — |  |  | 33,747 |  |  | 147 |  |  | 33,894 |
Agricultural Operating | — |  |  | — |  |  | — |  |  | — |  |  | 35,396 |  |  | 97 |  |  | 35,493 |
Premium Finance | 1,029 |  |  | 954 |  |  | 723 |  |  | 2,706 |  |  | 184,343 |  |  | — |  |  | 187,049 |
Total | $ | 47,002 |  |  | $ | 2,657 |  |  | $ | 1,007 |  |  | $ | 50,666 |  |  | $ | 1,097,744 |  |  | $ | 3,972 |  |  | $ | 1,152,382 |
September 30, 2016 | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Greater Than 90 Days |  | Total Past Due |  | Current |  | Non-Accrual Loans |  | Total Loans Receivable
| (Dollars in Thousands)
1-4 Family Real Estate | $ | — |  |  | $ | 30 |  |  | $ | — |  |  | $ | 30 |  |  | $ | 162,185 |  |  | $ | 83 |  |  | $ | 162,298 |
Commercial and Multi-Family Real Estate | — |  |  | — |  |  | — |  |  | — |  |  | 422,932 |  |  | — |  |  | 422,932 |
Agricultural Real Estate | — |  |  | — |  |  | — |  |  | — |  |  | 63,612 |  |  | — |  |  | 63,612 |
Consumer | — |  |  | — |  |  | 53 |  |  | 53 |  |  | 37,041 |  |  | — |  |  | 37,094 |
Commercial Operating | 151 |  |  | 354 |  |  | — |  |  | 505 |  |  | 30,766 |  |  | — |  |  | 31,271 |
Agricultural Operating | — |  |  | — |  |  | — |  |  | — |  |  | 37,083 |  |  | — |  |  | 37,083 |
Premium Finance | 1,398 |  |  | 275 |  |  | 965 |  |  | 2,638 |  |  | 168,966 |  |  | — |  |  | 171,604 |
Total | $ | 1,549 |  |  | $ | 659 |  |  | $ | 1,018 |  |  | $ | 3,226 |  |  | $ | 922,585 |  |  | $ | 83 |  |  | $ | 925,894 |
Impaired Loans | Impaired loans at March 31, 2017 and September 30, 2016 were as follows:
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
March 31, 2017 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 170 |  |  | $ | 170 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 1,144 |  |  | 1,144 |  |  | — |
Agricultural Real Estate | $ | 582 |  |  | $ | 582 |  |  | $ | — |
Agricultural Operating | $ | 1,072 |  |  | $ | 1,072 |  |  | $ | — |
Total | $ | 2,968 |  |  | $ | 2,968 |  |  | $ | — |
Loans with a specific valuation allowance |  |  |  |  |  |  |  |
1-4 Family Real Estate | $ | 78 |  |  | $ | 78 |  |  | $ | 12 |
Commercial Operating | $ | 302 |  |  | $ | 302 |  |  | $ | 53 |
Total | $ | 380 |  |  | $ | 380 |  |  | $ | 65 |
| Recorded Balance |  | Unpaid Principal Balance |  | Specific Allowance
September 30, 2016 | (Dollars in Thousands)
Loans without a specific valuation allowance |  |  |  |  |
1-4 Family Real Estate | $ | 84 |  |  | $ | 84 |  |  | $ | — |
Commercial and Multi-Family Real Estate | 433 |  |  | 433 |  |  | — |
Total | $ | 517 |  |  | $ | 517 |  |  | $ | — |
Loans with a specific valuation allowance |  |  |  |  |  |  |  |
1-4 Family Real Estate | $ | 78 |  |  | $ | 78 |  |  | $ | 10 |
Total | $ | 78 |  |  | $ | 78 |  |  | $ | 10 |
The following table provides the average recorded investment in impaired loans for the three and six month periods ended March 31, 2017 and 2016.
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2017 |  | 2016 |  | 2017 |  | 2016
| Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment |  | Average Recorded Investment
| (Dollars in Thousands)
1-4 Family Real Estate | $ | 210 |  |  | $ | 116 |  |  | $ | 191 |  |  | $ | 118 |
Commercial and Multi-Family Real Estate | 668 |  |  | 1,257 |  |  | 550 |  |  | 1,302 |
Agricultural Real Estate | 194 |  |  | — |  |  | 97 |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
Commercial Operating | 437 |  |  | 7 |  |  | 302 |  |  | 8 |
Agricultural Operating | 357 |  |  | 4,362 |  |  | 179 |  |  | 4,697 |
Premium Finance | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1,866 |  |  | $ | 5,742 |  |  | $ | 1,319 |  |  | $ | 6,125 |

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LoansAndLeasesReceivableDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration